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todayonline - 8 days ago

WeWork has sufficient cash to meet challenges posed by virus: letter

NEW YORK - WeWork told investors on Thursday the $4.4 billion in cash and cash commitments it had on hand at year-end 2019 is sufficient to execute its five-year plan, including managing the challenges posed by the recession-bearing coronavirus crisis. WeWork told bond investors in a letter reviewed by Reuters that it is in a sound finacial position to execute its plan through 2024. The company has said it will release full-year 2019 results to bond holders after markets close at 4 p.m. on Thursday. REUTERS


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